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Why am I not getting credit for all rental expenses?

I have reported $6800 income on a rental property and have entered $5000 in rental expenses, mainly repairs and utilities..  Turbo Tax lets me enter it all, but at the end shows me with $4000 in net income, rather than $1800.. (I've rounded the numbers for simplicity sake.)  TT gives me no error message, but nothing I do results in my getting the full benefit of my expenses.  On a separate rental property, the numbers are as expected.  Any ideas?

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2 Replies
Anonymous
Not applicable

Why am I not getting credit for all rental expenses?

i find it strange that you mentioned nothing about depreciation expense. about how much is depreciation?

about how much is your adjusted gross income?  

 

Why am I not getting credit for all rental expenses?

Not to worry.  I figured it out.

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